Can I retire at age 68 with 1,680,000?

Use the below retirement simulation to view the chances of a successful retirement.
About Your Retirement ?
Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:
Portfolio ?
% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $1,680,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.2%
1 years$138,733$137,497$136,291$135,115$133,966$132,182
2 years$68,680$67,401$66,161$64,959$63,793$61,999
3 years$45,332$44,047$42,810$41,620$40,473$38,724
4 years$33,660$32,379$31,155$29,985$28,866$27,176
5 years$26,659$25,386$24,178$23,031$21,943$20,317
6 years$21,993$20,729$19,539$18,418$17,363$15,802
7 years$18,661$17,408$16,237$15,143$14,121$12,626
8 years$16,164$14,922$13,770$12,703$11,714$10,286
9 years$14,222$12,993$11,860$10,820$9,865$8,502
10 years$12,670$11,452$10,340$9,327$8,406$7,107
11 years$11,401$10,195$9,103$8,117$7,229$5,993
12 years$10,344$9,151$8,079$7,120$6,265$5,091
13 years$9,450$8,270$7,218$6,286$5,463$4,349
14 years$8,685$7,517$6,485$5,580$4,789$3,733
15 years$8,022$6,867$5,855$4,976$4,216$3,218
16 years$7,443$6,300$5,309$4,456$3,726$2,783
17 years$6,932$5,802$4,831$4,003$3,304$2,413
18 years$6,479$5,361$4,410$3,608$2,938$2,098
19 years$6,074$4,969$4,037$3,260$2,619$1,828
20 years$5,710$4,617$3,705$2,953$2,339$1,595
21 years$5,381$4,301$3,408$2,680$2,093$1,394
22 years$5,082$4,015$3,141$2,436$1,876$1,220
23 years$4,810$3,755$2,900$2,219$1,684$1,069
24 years$4,560$3,518$2,682$2,024$1,514$938
25 years$4,331$3,302$2,484$1,848$1,362$823
26 years$4,120$3,103$2,304$1,690$1,227$723
27 years$3,925$2,920$2,139$1,547$1,106$636
28 years$3,744$2,752$1,989$1,417$998$559
29 years$3,576$2,596$1,851$1,300$901$492
30 years$3,420$2,452$1,724$1,193$814$434
31 years$3,274$2,318$1,607$1,095$736$382
32 years$3,137$2,193$1,500$1,007$666$336
33 years$3,009$2,077$1,400$926$603$297
34 years$2,888$1,968$1,308$852$546$261
35 years$2,775$1,867$1,223$784$494$231
36 years$2,668$1,772$1,144$722$448$203
37 years$2,567$1,683$1,071$665$406$179
38 years$2,472$1,599$1,003$613$368$158
39 years$2,382$1,521$940$565$334$140
40 years$2,297$1,447$881$522$303$123
41 years$2,216$1,377$826$481$275$109
42 years$2,139$1,312$775$444$249$96
43 years$2,066$1,250$727$410$226$85
44 years$1,996$1,191$682$379$205$75
45 years$1,930$1,136$641$350$186$66
46 years$1,866$1,084$602$323$169$58
47 years$1,806$1,034$565$298$154$52
48 years$1,748$987$531$276$140$46
49 years$1,693$943$499$255$127$40
50 years$1,640$901$469$235$115$36

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $1,680,000, adding $2,855 every year, while hoping to spend $23,471 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 49/38/13 Blend
67$1,680,000$1,680,000$1,680,000$1,680,000
68$1,854,305$1,765,265$1,739,225$1,938,416
69$2,018,471$1,826,790$1,772,516$2,058,097
70$2,198,596$1,890,543$1,806,136$2,185,349
71$2,396,281$1,956,609$1,840,070$2,323,048
72$2,613,294$2,025,074$1,874,305$2,472,183
73$2,851,578$2,096,032$1,908,822$2,633,838
74$3,113,278$2,169,575$1,943,606$2,809,204
75$3,400,751$2,245,804$1,978,636$2,999,594
76$3,716,600$2,324,820$2,013,892$3,206,450
77$4,063,688$2,406,731$2,049,352$3,431,357
78$4,445,170$2,491,647$2,084,992$3,676,061
79$4,864,524$2,579,684$2,120,786$3,942,482
80$5,325,579$2,670,963$2,156,706$4,232,732
81$5,832,556$2,765,607$2,192,723$4,549,136
82$6,390,102$2,863,748$2,228,805$4,894,252
83$7,003,341$2,965,520$2,264,919$5,270,896
84$7,677,916$3,071,065$2,301,028$5,682,165
85$8,420,046$3,180,529$2,337,094$6,131,471
86$9,236,580$3,294,064$2,373,076$6,622,570
87$10,135,068$3,411,830$2,408,931$7,159,594
88$11,123,827$3,533,992$2,444,612$7,747,094
89$12,212,021$3,660,722$2,480,071$8,390,082
90$13,409,749$3,792,198$2,515,254$9,094,074
91$14,728,135$3,928,609$2,550,108$9,865,145
92$16,179,441$4,070,147$2,584,573$10,709,985
93$17,777,175$4,217,015$2,618,587$11,635,961
94$19,536,222$4,369,423$2,652,084$12,651,185
95$21,472,983$4,527,592$2,684,996$13,764,593
96$23,605,532$4,691,748$2,717,248$14,986,025
97$25,953,784$4,862,132$2,748,763$16,326,319
98$28,539,683$5,038,989$2,779,459$17,797,412
99$31,387,409$5,222,578$2,809,250$19,412,454
100$34,523,610$5,413,169$2,838,045$21,185,927